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Saturday , 25 March 2017

Monthly Archives: August 2015

Architects’ questions on design, sustainability for federal candidates

The Royal Architectural Institute of Canada (RAIC), which advocates for excellence in the built environment, would like to see architecture and urban design addressed by candidates in the current federal election campaign. According to RAIC, the way we plan, design, build and integrate our buildings and infrastructure has a “significant impact” on quality of life, the economy and the environment. The federal government, as the largest owner of land and buildings in the country, has an obligation to set “the highest standards” of excellence and environmental sustainability. That obligation encompasses giving Canadians value for their money, as well as positioning Canada as an international leader. All parties have made promises ... Read More »

Canada’s housing market resilient, uneven: RBC

Becoming the owner of a single detached home in Toronto or Vancouver became a little less possible in the second quarter of this year, but in other parts of the country affordability improved slightly. Generally, according to the latest RBC housing affordability report, trends have been “fairly flat” since 2010. Outside of Toronto and Vancouver, affordability levels are near long-term averages, showing limited signs of “undue stress” on homebuyers. Condominiums remained the most affordable home ownership option right across the country. On the national scene, Calgary stands out for its slumping sales and prices, both of which were reported to be down sharply in August. Condo sales were down 38.1 ... Read More »

No glut, no shortage in Canada’s housing supply: BMO

A senior economist with BMO Capital Markets poses three rhetorical questions about the state of the real estate market in Canada, and particularly in Toronto. Too much construction? Too many condos? Too many listings? The questions refer to the three perennial fears that “plague” the Canadian housing market, says Sal Guatieri in a special report released today. Those fears pertain to a perception that new home construction has been elevated, that unsold condo inventory is high in a few cities, and that the supply of resale homes in some regions is high. A “deeper dive” into the data shows, however, that fears of a housing glut are exaggerated. On the ... Read More »

Toronto’s wealthiest neighbourhoods are also Canada’s

It might be reasonable to define a wealthy neighbourhood as one in which the people who live there earn and have a lot of money and live in expensive homes. That definition is more or less true, but there are some odd anomalies, at least in Toronto’s wealthy neighbourhoods. For example, in Canada’s third wealthiest neighbourhood, as ranked by Canadian Business, the average household net worth is listed as $19,729,093, the average house price is $2,262,694, but the average annual household income is given as just $289,434. That is the Bridle Path neighbourhood of Toronto. The wealthiest neighbourhood in Toronto, and in all of Canada, is Sunnybrook. Here the average ... Read More »

Great neighbourhoods are inclusive, diverse, interesting

Torontonians like to think of their city as one of many interesting neighbourhoods. Queen Street West, for example, is considered a “great” neighbourhood, but what does that mean, in city planning terms? For one thing, it has a variety of “functional attributes” that contribute to residents’ day-to-day living: in other words, there’s a lot going on there, with a lively mix of commercial, residential and retail. As The Lonely Planet put it, this is now Toronto’s art and design heart. Queen West accommodates “multi-modal transportation,” though not in an exceptional way it must be said. Streetcars, cars, pedestrians and cyclists share the road in a somewhat uneasy dance much of ... Read More »

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